As a full-time universal banker and a part-time student, I am always trying to balance everything out, whether if it’s financial or physically. This course has taught me many applicable solutions that I can apply in a real life problem. Two chapters that stood out the most to me were, General Problem Solving and Consumer Math. At our bank, a universal banker means we do it all. For example, we complete teller transactions, opening accounts, helping people apply for loans, wires, CD’s, etc. One of the many beneficial tools that fall into this is consumer math. What is ironic, we are currently big on loans so learning about consumer math helped tremendously. It helped me understand the financial part, the terms about lending, and to how to solve for it. …show more content…
We only help customers apply for the loan, consequently in that process people have questions that we can’t answer. For example, will their mortgage be a fix- rate, the term, etc. I honestly can’t stress enough how this chapter helped me understand lending better, moreover helped me apply it to my workplace. On the other hand, General Problem Solving was helpful in more ways than one. Notably, I was able to budget for my next family vacation. As a young college student, we tend not think about the financial side. I know this by talking to a lot people in my age group or that are in college as well. I really wish I took this course before I got car, and wasted my time poorly. Applying general problem solving would have helped me budget better for a car, nevertheless, I would have been able to manage my time more
I have selected an article titled Student Loan Debt Is Torpedoing Home Sales, written February 10, 2014 in Beyond Today’s News to review for this assignment. I found this article very interesting, and alarming at the same time. It also hits close to home, as I have a son graduating from college in May who is very anxious to buy his first home.
If I'd wanted simpler $107.50 payday loan, the interest would have been 636.99 percent—at a time when a thirty-year mortgage was going for about 3.9 percent ..." Alexander is just simply explaining some loans and interest rates on these loans in this section. Sections like these in his book can become complex and without a full understanding of finance can be very confusing to a reader. The reason I don't like this book all that much and on this topic, in particular, is because I think these economic parts of the book take away from the real point of the book, which was the problems Lancaster faced and how they can be fixed. Overall the economics and financials are there as facts to help support the book, I think they take away from the book, and really make readers lest intrigued to continue to
This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.
My own financial health resonates well with the above quote from Daly and Farley, not because I’ve thought about money, but because I know nothing about it. As a young student still breaking ties from home, I have to navigate the intricate world credit, lease contracts, financial aid, and investments seemingly to no avail. In his chapter titled “Enough Debt,” Dietz alludes to this complex world that is the American financial system that I and every other American are currently dealing with. With any complex system, there are misconceptions tied to it that can provide a simpler understanding to those analyzing it. Dietz provides three of the most prevalent misconceptions, how their true function actually debunks them, and then systemic changes
This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.
The typical series of big events in life include graduating high school, going to college, finding a significant other, graduating college, getting married, and buying a home. Although these events happen in a variety of different patterns nowadays, a major bump in the road is occurring when looking to buy a home, especially in Colorado Springs. This article highlighted the challenges that the millennial generation is facing when reaching this stage in life. "Student loan debt is more than $1.2 trillion, and nearly 70 percent of college graduates have some student loan debt, according to the Federal Reserve (pg 1)." These college graduates now need to add loan payments to their monthly debts, leaving them with even less disposable income. Not
This poster is from the American allies in World War 2. It displays collecting scrap materials for the war effort. The poster’s intended audience is American children because it would be extremely appealing to them as it displays Captain America who was a very popular super hero. It also displays kids on the poster helping Captain America which will inspire them to help out too. The poster will inspire children to collect as many scrap materials they can for the war effort as drives for metals were crucial back then to help construct weapons for war. The two methods of persuasion that the poster presents are bandwagon and testimonial. It is bandwagon because it inspires children to see them in themselves because they see children helping collect
An experiment conducted by Laura W. Perna suggest that students’ perceptions of loans depend on their understanding of the benefits and costs of attending college and family resources. Using interviews with students enrolled
Case Name The Smithson’s Mortgage Case Study Teams This case is designed to be conducted by a team of students. The discussion, questioning, and resolution of differences is an important part of the learning experience. Another significant advantage is the sharing of the workload in preparing the final case study report. Knowledge Background This case draws heavily on the material presented in Chapters 2 and 3 of Principles of Engineering Economic Analysis, 4th Edition by White, Case, Pratt, and Agee, particularly Section 3.4 (Principal Amount and Interest Amount in Loan Payments). To a limited extent it draws on concepts from Chapter 4 (Measuring the Worth of Investments), Chapter 5 (Comparison
Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.
For more than four years, World War One (WW1) was a conflict that caused a destruction to land and many family members who have lost their lives. Over sixteen million civilians were killed and ten million men died during the war. WW1 broke out because of the four main causes; Militarism, Alliances, Imperialism and Nationalism. Militarism was a crucial aspect that caused WW1 to break out because countries such as France and Germany had created a huge army to prepare for war. The Alliances was a fundamental long-term factor that led to the outbreak of WW1 as countries also decided to align with other countries so they could help each other if one goes to war. Imperialism was another vital factor that caused WW1 to erupt as many countries scrambled for territories that were not taken which began the tension of countries trying to expand their empire. Lastly, Nationalism was a very important reason in causing WW1 as European countries felt that they were more superior than the rest of the countries.
In order to first understand why there is such a problem with student loans, understanding what they are
They must understand budgeting, taxes and banking while avoiding traps like payday loans that prey on the poor and uninformed. Despite this, only five states require students to take a stand-alone semester financial literacy course, so school districts simply don’t offer one. Campaigning for FBLA national office, I was surprised how few students, all enrolled in high school business courses, had access to a financial literacy instruction. I experienced the results of this shortcoming firsthand after my parent’s divorce. Lacking a personal finance education, my mother initially struggled with basic budgeting and understanding mortgages and taxes. By expanding financial literacy education in high schools, we can lay the foundation to challenge wealth
Many friends try to help one another out. But tough decisions may arise up along the way causing an individual to abandon what they believe and try to reason with the sinister nightmare of madness. In the short story by Edgar Allan Poe named The Fall of the House of Usher, the narrator is trying to help his well known friend Roderick Usher with his disease that causes him fear and madness. Even though it has taken total control of Roderick's life. There are two main characters in this short story the first being the narrator who is an unnamed man, that has a long term friendship with Roderick Usher. The second character is Roderick Usher who has a disease that causes him constant fear and madness. The story begins at a rotting mansion that creates an gothic atmosphere of evil and madness. The reader ends up figuring out why Roderick has a great amount of fear and madness. But the story ends short with the tragic death of Roderick Usher and many questions left unanswered for the rest of the narrator's life. Overall the short story ,The Fall of the House of Usher, by Edgar Allan Poe uses the literary elements of symbolism and situational irony . To portray the main theme of the story of madness and fear. So the story has many lit devices used but the ones that starts a spark for the story is symbolism and situational irony.
The curriculum is designed to assist consumers in the areas of credit, homeownership and managing money.